Relevant Portion means a portion of any part of the Works which has been sub-contracted out to a sub-contractor of the first or the second tier of sub-contracting under sub-clause (2) of this Clause, and such portion comprises only work or services falling within the description of one or more of the “Construction Trades” which are listed under the trade classification of the Voluntary Sub-contractor Registration Scheme;
Relevant Portion means a portion of any part of the works which has been subcontracted out to a subcontractor of the first or the second tier of subcontracting under sub-clause (2) of this Clause, and such portion comprises only work or services falling within the description of one or more of the “Construction Trades” which are listed under the trade classification of the Subcontractor Registration Scheme;
Examples of Relevant Portion in a sentence
Subject to the last sentence of Section 15.1, the Facility Lessee may elect the option provided in clause (b) of the preceding sentence regardless of whether a Relevant Portion of the Facility is to be rebuilt or replaced.
The Facility Lessee may only purchase the Owner Lessor’s Interest in part or terminate the Facility Lease in part with respect to a Relevant Portion of the Facility to the extent that the remaining Units subject to the Facility Lease continue to be commercially viable in accordance with Prudent Industry Practice.
More Definitions of Relevant Portion
Relevant Portion means the aggregate Outstanding Principal Amount of the Notes at such time divided by the sum, for each Series of Notes (as defined in the Portfolio Management Agreement), of the aggregate Outstanding Principal Amount of such Series of Notes in each case calculated at the time that the Relevant Claims become due.
Relevant Portion means, in respect of Affected Securities, the proportion which the Affected Securities bear to the total principal amount of the Loan Participation Securities.
Relevant Portion means, with respect to any Loan Notes to be issued to the Issuer on a Drawing Date, a portion of each of the Demeter Eligible Assets (if any), the Demeter Eligible Asset Income (if any) and the Demeter Facility Fees (if any) held by the Issuer on such Drawing Date equal to the quotient of (i) the principal amount of Loan Notes so issued on such Drawing Date, and (ii) the amount of the Available Commitment as at the close of business on the Business Day immediately prior to such Drawing Date, the composition and calculation of which shall be determined by the Calculation Agent. Such portion of Demeter Eligible Assets shall include a pro- rata equal portion of each Eligible Asset then comprising the Demeter Eligible Assets.
Relevant Portion means the Relevant Portion of the Note, expressed as a percentage, linked to such Class of Preference Shares.
Relevant Portion means, with respect to each Company Shareholder, the percentage set forth opposite such Company Shareholder’s name on Part A of Annex I, which reflects such Company Shareholder’s pro rata share of the Deferred Exchange Shares.
Relevant Portion means (a) with respect to Section 10 of the Facility Lease, the Unit or Units suffering an Event of Loss or (b) with respect to Section 15 of the Facility Lease, the Unit or Units subject to TVA's exercise of the Early Buy Out, in either case with respect to a termination of the Facility Lease with respect to less than the entire Facility.
Relevant Portion has the meaning given to it in Clause 16.9 (Intermediary Exposure to SME Transactions).